Refund of unutilized input tax credit: manufacturer-exporters of fabric eligible for ITC refund on inputs subject to statutory conditions. For exporters of fabrics, subject to the statutory conditions and procedural safeguards, a manufacturer-exporter is eligible for refund of unutilized input tax credit on inputs used in manufacture and export of such fabrics, while refunds remain restricted by the proviso to zero rated supplies and by notification-specified goods; input tax credit on capital goods is excluded from refund.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Refund of unutilized input tax credit: manufacturer-exporters of fabric eligible for ITC refund on inputs subject to statutory conditions.
For exporters of fabrics, subject to the statutory conditions and procedural safeguards, a manufacturer-exporter is eligible for refund of unutilized input tax credit on inputs used in manufacture and export of such fabrics, while refunds remain restricted by the proviso to zero rated supplies and by notification-specified goods; input tax credit on capital goods is excluded from refund.
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